Dow, S&P 500, Nasdaq trending higher on rate hike bets, earnings

August 13, 2026

Stock Market Today

US stock futures barely budged on Thursday morning ahead of another inflation reading and a slew of earnings.

Futures on the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq-100 (NQ=F) moved slightly above the flat line after a calm day on Wall Street.

Cisco (CSCO) and Cerebras (CBRS) shared better-than-expected quarterly results and outlooks, but their reports of robust demand for AI infrastructure weren't enough to impress Wall Street, which sold the stocks in extended trading. Applied Materials (AMAT), which makes chipmaking equipment, reports results on Thursday after the stock has gained a whopping 190% over the past year.

Investors are watching for another inflation reading after Wednesday's release of the Consumer Price Index showed inflation easing in July. The Producer Price Index, which tracks prices from the sellers' perspective, could provide another indication of inflation relief on Thursday morning.

Though cooling CPI data prompted traders to fade bets of a September rate hike, the data likely weren't enough to settle the divide among policymakers, and Fed watchers still expect at least one rate hike by the end of the year.

One key inflation input — oil prices — fell on Thursday as President Trump pivots from an active military campaign to an economic pressure campaign. The Trump administration has stated that the US retains "total control" over the Strait of Hormuz, disputing private data showing low shipping traffic.

Initial jobless claims data are also scheduled for release on Thursday, in a coda to last week's surprisingly weak jobs report. And earnings from Tapestry (TPR), Dillard's (DDS), and Birkenstock Holding (BIRK) could give investors insight into how retailers are managing tariff refunds. Yahoo Finance reports.

EdgeUp

🤝 GlobalMed® to Partner with Iveda. Stock Rises in Pre-market

MESA, Ariz. Iveda® (NASDAQ: IVDA), a global provider of cloud-based AI video search, surveillance, and smart infrastructure technologies, today announced a strategic partnership with GlobalMed®, a leader in digital health solutions and federal healthcare delivery. The partnership combines GlobalMed’s established virtual-care ecosystem and government expertise with Iveda’s AI-powered situational awareness technologies to deliver more comprehensive, intelligent solutions for government agencies.

As Iveda’s Strategic Government Partner, GlobalMed brings more than two decades of experience navigating federal requirements and deploying mission-critical technology across government, defense, healthcare, and austere environments. Through the partnership, GlobalMed will help bring IvedaAI™, Iveda Smart Drones, IvedaRTLS™, and IvedaCare™ to government customers through established, compliant procurement channels.

Iveda Smart Drones mark the first major procurement milestone of the partnership. Iveda’s advanced AI-powered Rotary Wing Unmanned Aircraft Systems are now available for immediate government order through GlobalMed via the Defense Logistics Agency’s Tailored Logistics Support (TLS) contract vehicle, giving federal and defense agencies a swifter, more seamless, and compliant pathway to procure and deploy the technology. BusinessWire reports.

📰 Gaxos Delivers Record Second-Quarter Revenue. Stocks Soars in Pre-Market

Roseland, NJ, Aug. 12, 2026 — Gaxos.ai Inc. (“Gaxos” or the “Company”) (NASDAQ: GXAI), an artificial intelligence company focused on developing applications across multiple high-growth sectors, announced its financial and operating results for the three- and six-month periods ended June 30, 2026.

Second-quarter consolidated revenue reached a record $2.46 million, representing an increase of 35.8% from $1.81 million in the first quarter of 2026 and an increase of 1,337% from $0.17 million in the second quarter of 2025.

“Our second-quarter results show continued commercial momentum across our core business,” said Vadim Mats, Chief Executive Officer of Gaxos. “We achieved record quarterly revenue at nearly twice the rate of advertising expense growth and generated more revenue from each advertising dollar invested. We believe these results demonstrate the scalability of our operating platforms and the effectiveness of our increasingly disciplined approach to growth and capital allocation.” Global Newswire reports.

🧬 Why Omeros Shares Are Trading Higher by Over 17%; Here Are 20 Stocks Moving Premarket

Shares of Omeros Corp (NASDAQ: OMER) rose sharply in premarket trading after the company reported better-than-expected second-quarter financial results.

Omeros reported quarterly earnings of 2 cents per share, which beat the analyst consensus estimate of a loss of 27 cents per share. The company reported quarterly sales of $28.529 million, which beat the analyst consensus estimate of $12.700 million.

Omeros shares jumped 17.2% to $16.07 in premarket trading. Benzinga reports.

🏠 Why Did FGI Industries Stock Rise Pre-Market?

FGI Industries Ltd. (NASDAQ: FGI) shares surged 5.57% to $5.12 in premarket trading on Thursday after the New Jersey-based kitchen and bath products supplier reported second-quarter earnings per share of $0.67, beating the analyst estimate of $0.30.

FGI Industries announced the results for the period ended June 30 after the market closed on Wednesday.

Before the announcement, FGI shares closed at $4.73 in regular trading, up 3.96%. Benzinga reports.

📡 Harmonic (HLIT) Stock Jumps 20% After Hours: Here's Why

Harmonic Inc. (NASDAQ: HLIT) shares jumped 20% to $14.40 in after-hours trading after the broadband technology company posted better-than-expected second-quarter results.

The company announced preliminary unaudited financials for the quarter ended July 3. Benzinga reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) GXAI: Gaxos.ai Inc.

Total gain: 61.98%

2) FGI: FGI Industries Ltd.

Total gain: 61.52%

3) ARX: Accelerant Holdings

Total gain: 44.45%

4) IVDA: Iveda Solutions, Inc.

Total gain: 35.44%

5) CURI: CuriosityStream Inc.

Total gain: 31.07%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on Aug 12.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) KIDZ: KIDZ AI Inc.

Total gain: +3.812 (1,347.00%)

The company, today announced that it will conduct a 1-for-15 reverse stock split of its outstanding Class A common stock and Class B common stock (the "Reverse Stock Split"). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on August 13, 2026. AccessNewswire reports.

2) SMXT: SolarMax Technology, Inc.

Total gain: +4.119 (1,169.15%)

The stock appeared to be moving on no notable news.

3) MYSZ: My Size, Inc.

Total gain: +2.957 (776.01%)

The company announced that its Board of Directors has approved a one-for-eight reverse stock split of its common stock that is scheduled to become effective after trading closes on August 12. Beginning on August 13 the company's common stock will trade on the Nasdaq Capital Market on a split-adjusted basis under a new CUSIP number 62844N505. The Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “MYSZ.” TipRanks reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

YETI
YETI Holdings
Q2 2026

Before Market Open
Estimate: 0.520
Actual: N/A

WKHS
Workhorse Gr
Q2 2026

After Market Close
Estimate: -0.950
Actual: N/A

TPR
Tapestry

Q4 2026

After Market Close
Estimate: 1.270
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:30 AM / Initial jobless claims / Aug. 8
8:30 AM / Producer price index / July
8:30 AM / Core PPI / July

Parting Thoughts

“Most price changes reflect changes in investor psychology rather than changes in fundamental value.”

– Howard Marks

Sourced in: The Calculus of Value — Oaktree Capital Management.

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